MillerKnoll (NASDAQ:MLKN) Issues Earnings Results

MillerKnoll (NASDAQ:MLKN) released its earnings results on Wednesday. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44, Briefing.com reports. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. MillerKnoll updated its Q4 guidance to $0.46-0.52 EPS and its FY25 guidance to $1.81-1.87 EPS.

MillerKnoll Trading Down 1.5 %

Shares of NASDAQ:MLKN traded down $0.27 during trading on Wednesday, reaching $18.34. The company’s stock had a trading volume of 1,557,228 shares, compared to its average volume of 575,022. The firm’s 50 day simple moving average is $21.35 and its two-hundred day simple moving average is $23.19. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll has a 12 month low of $16.99 and a 12 month high of $31.73. The stock has a market capitalization of $1.25 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.09%. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

MillerKnoll Company Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.